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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: jennifer taggart who wrote (2087)	3/26/1999 4:49:00 PM
From: Colin Cody	Respond to of 5810

Jennifer, In 1984 there was a divestiture where most shareholders made an election to allocate to all eight companies. If your friend did this and has not acquired ANY shares since the 1960s (other than splits and spin-offs) then the Bell South basis today is as follows: Get the inherited basis of the AT&T shares from the probate report. I will assume it is $20 for this example: 100 shares of T @ $20 = $3.01 basis per share for BellSouth (assuming there were no recent stock splits in BellSouth in say the last 6 months) For each share of T you got 1/10th a share of BS in 1984 and then BS has split 9:1 since 1984. Colin